Financial Technology - INDUSTRY NEWS

[November 16, 2012]

The Securities Arbitration Law Firm of Klayman & Toskes Files $1.4 Million Claim Against Multi-Financial Securities Corp. As It Continues To Investigate Claims On Behalf of Inland Western REIT Investors

NEW YORK --(Business Wire)--

The Securities Arbitration Law Firm of Klayman & Toskes ("K&T"), www.nasd-law.com,
announced today that it filed a claim against Multi-Financial Securities
Corp. to recover damages sustained in speculative Real Estate Investment
Trusts ("REITs") and Limited Partnerships ("LPs"), including Inland
Western REIT n/k/a Retail Properties of America (NYSE: RPAI) and
investments in oil and gas. The securities arbitration claim was filed
with the Financial Industry Regulatory Authority ("FINRA"), and seeks
damages of $1.4 million.

According to the claim, the Claimants opened accounts with
Multi-Financial and its financial advisor based out of the advisor's own
remote office in Atlanta, Georgia. Both Claimants advised the advisor
that they wanted to protect their principal while generating income. In
fact, both Claimants had a large percentage of their savings invested in
cash and fixed income. Knowing these investment objectives, the advisor
rcommended that the Claimants invest a substantial amount of money in
illiquid and speculative REITs and LPs. At the recommendation of the
Multi-Financial advisor, the following investments were made: PDC 2005-B
Oil & Gas, Wells REIT II, Inland Western REIT, Cronos Containers
Partners I, LP, Reef Global Energy VII Oil & Gas, Reef Global Energy VI
Oil & Gas, Hines REIT, Mewbourne 2006-A Oil & Gas, Behringer Harvard
Strategic Opportunity Fund II, REIT, Crowne Hattiesburg Bluffton
Holdings, CIT Group Holdings Medium Term Notes, Mewbourne 2008-A, Oil &
Gas, Atlas Resources 2008, Oil & Gas, and LEAF Commercial Finance Fund
LLC, LP.

Story continues below ↓

While the advisor represented the REITs and LPs as safe, income
producing investments, the reality is that they were illiquid
investments that incorporated significant risk. The Claimants were
unaware of the true risk and both had specifically advised the advisor
that they wanted their principal protected. The advisor also masked the
risk of the investments by providing Claimants with spreadsheets that
made their investments appear to be stable and producing income with tax
advantages. As a result of the wrongful conduct of Multi-Financial and
its advisor, the Claimants sustained substantial damages.

Investors who purchased Inland Western or other REITs or LPs from
Multi-Financial Securities Corp. or other FINRA brokerage firms can
contact K&T to explore their legal rights and options. K&T is presently
pursuing claims on behalf of investors from across the country who
sustained losses by purchasing these types of products.

If you wish to discuss this announcement or invested $250,000 or more
Inland Western or other REITs or LPs, please contact Steven D. Toskes,
Esquire or Jahan K. Manasseh, Esquire of Klayman & Toskes, P.A., at
888-997-9956, or visit us on the web at www.nasd-law.com